AIRO Group Launches Public Offering of 5 Million Shares

ALBUQUERQUE, N.M. & MONTREAL & STØVRING, Denmark & WASHINGTON — April 10, 2025 — AIRO Group Holdings, Inc. has announced the launch of its initial public offering (IPO), offering 5 million shares of common stock. The company expects to grant underwriters a 30-day option to buy an additional 750,000 shares to cover over-allotments. The shares are to be listed on the Nasdaq Global Market under the ticker symbol ‘AIRO.’

The anticipated price range for the IPO is set between $14.00 and $16.00 per share, aimed at funding growth initiatives and repaying debt. According to AIRO, the net proceeds will be used alongside existing cash to support expansion in various segments.

Cantor, BTIG, and Mizuho serve as joint lead book-running managers for this offering, while Bancroft Capital is the book-running manager. A registration statement including a prospectus has been filed with the U.S. Securities and Exchange Commission, although it has not yet become effective.

As a result, the securities cannot be sold or offered until the registration becomes effective. Interested parties can request copies of the preliminary prospectus from Cantor Fitzgerald & Co., BTIG, LLC, or Mizuho Securities USA LLC.

This IPO marks a significant step for AIRO, a company recognized for its innovative technologies in aerospace and defense, focusing on segments such as Drones, Avionics, Training, and Electric Air Mobility. ‘We believe this public offering will provide us with the necessary capital to realize our vision in the defense sector,’ stated a company representative.

AIRO is geared to capitalize on the growing market opportunities in the aerospace and defense industries, fostering links to technological advancements and modernization.